Marylanders can not head to Virginia to get high-cost car-title loans

Do not do so, Virginia!

Our neighbor towards the south is weighing legislation that will allow loan providers here to create car-title loans with triple-digit interest levels to consumers in Maryland as well as other states. This only four months after Virginia loan providers had been banned from making loans that are such of state.

Car-title loans, which permit you to borrow secured on the worth of one’s car, are such bad discounts that a lot more than 1 / 2 of the states, including Maryland, essentially never let them. (more…)

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